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EIN 38-0299643

Credit Unions Chartered in the State of Michigan - 159 AAC Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
59
City
Grand Rapids
State
Michigan
Year formed
1937
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
AAC is a full service credit union offering all of the luxuries you would expect from a financial institution. We offer savings, checking, certificates of deposit, loans, home equity's, mortgages and much more.
Related structure
Credit Unions Chartered in the State of Michigan - 159 AAC Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Credit Union Chartered in Michigan Aac Credit Union; 159 Aac Credit Union; Aac Credit Union
Total revenues
$10,677,080
2023
Total expenses
$8,233,081
2023
Total assets
$184,172,237
2023
Num. employees
59
2023

Program areas at Credit Unions Chartered in the State of Michigan - 159 AAC Credit Union

The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/23 was 14,941
The Credit Union provides a variety of loans to members including real estate, Credit card, vehicle and other. The total number of loans outstanding at 12/31/23 was 8,494

Personnel at Credit Unions Chartered in the State of Michigan - 159 AAC Credit Union

NameTitleCompensation
Brian J TurmellChief Executive Officer$211,491
Tim KamphuisChief Financial Officer$109,694
Velver FullerVice President$109,994
Velvet FullerExecutive Vice President$101,824
Robert DraegerPast Chief Financial Officer$57,187

Financials for Credit Unions Chartered in the State of Michigan - 159 AAC Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$9,221,593
Investment income and dividends$1,455,487
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$10,677,080

Form 990s for Credit Unions Chartered in the State of Michigan - 159 AAC Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-26990View PDF
2022-122023-04-26990View PDF
2021-122022-09-26990View PDF
2020-122021-05-11990View PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s
Data update history
July 10, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 22, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Used new vendors
Identified 1 new vendor, including
May 10, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
177 Wilson Ave NW
Grand Rapids, MI 49534
Metro area
Grand Rapids-Kentwood, MI
County
Kent County, MI
Website URL
goaac.com/ 
Phone
(800) 858-1633
Facebook page
AAC-Credit-Union 
IRS details
EIN
38-0299643
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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